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The latest announcement is out from Akora Resources Ltd. ( (AU:AKO) ).
Akora Resources Ltd. has successfully completed a share placement, issuing 9,798,000 ordinary shares to sophisticated and professional investors at $0.085 per share, raising approximately $832,830. This strategic move enhances the company’s financial capacity and supports its growth initiatives, potentially strengthening its position in the iron ore market. Additionally, 200,000 shares were issued to Director Matthew Gill following the fulfillment of performance rights conditions, reflecting the company’s commitment to rewarding leadership performance.
More about Akora Resources Ltd.
Akora Resources Ltd. operates in the mining industry, focusing on the production of iron ore. The company is committed to providing cleaner iron ore for greener steel production, aligning with environmental sustainability trends in the market.
Average Trading Volume: 95,380
Technical Sentiment Signal: Sell
Current Market Cap: A$12.64M
Find detailed analytics on AKO stock on TipRanks’ Stock Analysis page.